Legislation

CIRC sets entry thresholds for insurance intermediary companies.

Exit mechanism created for insurance companies.

Regulation of certification institutions strengthened.

These Measures govern the handling of renminbi settlement matters relating to foreign direct investment by banks.

The Measures set forth the conditions for a transferee of insurance business and the procedure for such transfer.

The Circular liberalises the market entry conditions for, and scope of business of, wholly foreign-owned shipping companies.

The Measures set out the conditions for establishment of certification institutions by foreign investors, the examination and approval procedures thereof and the code of conduct of certification institutions.

The Circular lists the circumstances under which cross-border direct investments in renminbi shall be submitted to the Ministry of Commerce for review.

Factors laid out for consideration of the competitive effects of concentrations.